Category: Psychology of Debt

For those of us who have a mountain of debt or a small income, the journey to get out of debt is a long process. Along the way it is easy to become bored, sidetracked, depressed, or even to give up....

Consumers planned holiday-related spending increased to $923.36” in 2007. Gift card spending alone was 24 billion dollars last year while the national spending average rises about 4.76% year after year. The money that gets tossed around on Christmas is staggering. Debt ...

One of the best tips for digging out from under a mountain of debt is to get a bigger shovel. Outside of finding deep meaningful motivation for getting out of debt, increasing the amount of money you put towards debt each...

  If you are interested in a modern graphical version of a debt calculator, check out this free graphical debt reduction calculator.  We will be adding features as the feedback rolls in, so feel free to check it out and leave...

Often, a huge part of getting out debt and achieving financial security is removing the option of purchasing with payments and credit from our brains. See, payments set you up to stay in debt and spend more then you can afford....

The reason they call it personal finance is because there aren’t any right answers. That’s right, no right answers. If there were right answers, we could call it something like personal financial decision science. Everyone would be doing the same 20...

We usually talk like we own the car, but this is just a delusion. If you secure financing for an automobile, the bank or financing company probably owns your car. The person with the auto loan is most likely granted non-possessory...

The 104th Carnival of Debt Reduction – Digging Out Edition Getting out of debt requires intense personal action on our part. Sometimes we like to try and dig our way out of debt by using a small shovel, but the best...

Being debt free has been more amazing than I thought, and I want others to be able to share in a similar joy. For those who are trying to get out of debt or entertaining the thought, here is some ammunition....

Credit cards are cleverly designed so that we can comfortably spend more than we make. One of these design features is that we are allowed to make repeated small purchases, yet the purchase ‘pain’ is limited to a mere twelve times...